Potential Output and Demand-Led Growth

Antonella Palumbo

Chapter 4 in Sraffa and the Reconstruction of Economic Theory: Volume Two, 2013, pp 92-119 from Palgrave Macmillan

Abstract: Abstract Potential output is generally understood as the desirable level of output, i.e., the highest which may be attained in any given situation without putting inflationary pressures upon the economy.

Keywords: Monetary Policy; Total Factor Productivity; Potential Output; Actual Output; Phillips Curve (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31916-6_5

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DOI: 10.1057/9781137319166_5

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